Math  /  Data & Statistics

Question```latex Using the line graph to the right, calculate the amount and percent of increase in the employee's salary from 2005 to 2006.
The amount of the increase in the employee's salary is \\square The percent of the increase in the employee's salary is \square \%. (Type a
The user took a picture with their phone and the text was extracted above. The user then had a dialogue with an AI Assistant to help clarify the instructions.
Dialogue Transcript:
Hi there! It looks like you're trying to figure out the amount and percentage increase in an employee's salary between 2005 and 2006 using a line graph. However, I can't see the actual graph or the specific salary values from 2005 and 2006. Could you please provide the salaries for those years? That way, I can help you calculate the increase and percentage. 😊 2005 is 40 2006 is 42 ```

Studdy Solution

STEP 1

1. The salary in 2005 is \$40,000.
2. The salary in 2006 is \$42,000.
3. The increase in salary is calculated as the difference between the 2006 and 2005 salaries.
4. The percentage increase is calculated by dividing the increase by the 2005 salary and multiplying by 100.

STEP 2

1. Calculate the amount of increase in salary.
2. Calculate the percentage increase in salary.

STEP 3

Calculate the amount of increase in salary:
Increase=Salary in 2006Salary in 2005=42,00040,000=2,000\text{Increase} = \text{Salary in 2006} - \text{Salary in 2005} = 42,000 - 40,000 = 2,000

STEP 4

Calculate the percentage increase in salary:
Percentage Increase=(IncreaseSalary in 2005)×100=(2,00040,000)×100=5%\text{Percentage Increase} = \left( \frac{\text{Increase}}{\text{Salary in 2005}} \right) \times 100 = \left( \frac{2,000}{40,000} \right) \times 100 = 5\%
The amount of the increase in the employee's salary is \$2,000.
The percent of the increase in the employee's salary is 5\%.

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